DislikedHey everyone, finally read the entire thread and looking forward to start testing and posting results. I have a vps I'll be testing on, I see from the recent posts most are testing new TS that I don't have access too currently so will be using older TS to test. If anyone has any suggestions or ideas they would like me do trial let me know otherwise I'll go with some ideas I've gathered reading the thread. Wish everyone a great week ahead!Ignored
- #4,563
- Edited 5:03pm Jun 2, 2019 4:08pm | Edited 5:03pm
- | Joined Sep 2015 | Status: Trader | 1,863 Posts
- #4,566
- Jun 2, 2019 4:57pm Jun 2, 2019 4:57pm
[quote=JustUncleL;12305527]{quote}{quote} From my observation the Monthly HM selects more pairs for 1hr Chart, but some are not in the correct direction of the current long-term trend compared to the Weekly. I believe the Monthly HM should be used with 4hr charts. The way I'm selecting HM time frame trend filters is by
Yes that makes total sense.
I was looking at a few pairs with a 200sma (on the 1HR) and it seemed to me that we may lose out on a lot of reversals back to the mean because the TS signal is on the wrong side of the MA. It would work fine if the pair is in a trend but not so good if we are ranging. Some would argue that is a good thing as it prevents the TS from taking trades whilst in a range.
Might have to play around with perhaps adding Daily or Weekly MA to the 1HR chart and see how it 'looks' in regards to potential profitable trades.
In the meantime I have closed all my open trades and have set the HM to a monthly filter which has prevented a lot of trades being opened right away
Yes that makes total sense.
I was looking at a few pairs with a 200sma (on the 1HR) and it seemed to me that we may lose out on a lot of reversals back to the mean because the TS signal is on the wrong side of the MA. It would work fine if the pair is in a trend but not so good if we are ranging. Some would argue that is a good thing as it prevents the TS from taking trades whilst in a range.
Might have to play around with perhaps adding Daily or Weekly MA to the 1HR chart and see how it 'looks' in regards to potential profitable trades.
In the meantime I have closed all my open trades and have set the HM to a monthly filter which has prevented a lot of trades being opened right away
- #4,572
- Edited Jun 3, 2019 2:39am Jun 2, 2019 5:53pm | Edited Jun 3, 2019 2:39am
- | Joined Sep 2015 | Status: Trader | 1,863 Posts
- #4,575
- Jun 3, 2019 2:45am Jun 3, 2019 2:45am
- | Joined Sep 2015 | Status: Trader | 1,863 Posts
Already had some good results today using the CycleTS with Long-term HM filter to trade only in direction of main Trend:
Best traded Pair:
Best traded Pair:
Already had some good results today using the CycleTS with Long-term HM filter to trade only in direction of main Trend: {image} Best traded Pair: {image}
The green line is the MA200 ? What are your settings for the TS?
I am trying out TS set at Cycle 4, 1Hr all other settings set to default. Here are my results for the past week.
- #4,577
- Jun 3, 2019 6:05am Jun 3, 2019 6:05am
- | Joined Sep 2015 | Status: Trader | 1,863 Posts
{quote} Hi JustUncleL, The green line is the MA200 ? What are your settings for the TS? I am trying out TS set at Cycle 4, 1Hr all other settings set to default. Here are my results for the past week. {image} {image} {image} {image} {image}
- #4,578
- Jun 3, 2019 6:13am Jun 3, 2019 6:13am
- | Joined Sep 2015 | Status: Trader | 1,863 Posts
Some further Monday's Green results, continuing with lower target Profits:
- #4,580
- Jun 3, 2019 9:00am Jun 3, 2019 9:00am
- | Commercial User | Joined Jul 2009 | 5,727 Posts
{quote} By Cycle(1,1) did you mean you set Cycle 1 to true and Exit at opposite Cycle ?
The EA tries 10 times to get an answer from the Broker and if it doesn't it gives up and moves on.
This is one of the built in safe guards against the EA going crazy and sending 1,000 trades and killing your account.
The Broker has many tricks up his sleeve and likes to screw with you and take your money.
So when the EA saves your account don't blame the EA.
If you get a lot of "CRAP" errors it may be time to look for a better Broker if your network connection checks out.
Once you get this error the EA will not do any further add ons and will skip over them, its just trying to save your "A@@", LOL, so say thank you EA.
Remember this is not "HIGH FREQUENCY TRADING", and MT4 moves like a turtle, not a rabbit.
Also remember if you are using a Broker's VPS he can see exactly what you are doing.
Also when you send in a trade you go at the bottom of the Brokers to do list, a lot of big boys are ahead of you, its called slippage, or I sometimes have other words for it that I won't repeat.
Enough of that !!!
As you can see in the screen shots I am playing with the weekly candle idea shown by Earle, only 2 weekly candles shown but I was planning on 4 total, just didn't finish it yet. I got a late start last night so you can see what it has done since midnight. One good trade so far the other one USDCAD has been all over the place. This test is running on all 28 pairs so will see what it can do.
I see some are now looking at the HAS instead of the 200 ma, that's OK as I have always liked the HAS, do your testing and before I post a new TS we will take a vote to see which one to put in the new TS, either MA or HAS, but only one of these.
Remember the HAS is a ma of a ma which can make it very smooth.
Nice to see all the posting, keep it up.
